X2M
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10.5% 3.4¢ x2m connect limited

When the cash burn is the market cap p.a. its a bit of a red...

  1. LD99
    7,032 Posts.
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    15/09/22
    15:34
    Post #: 63720392
    When the cash burn is the market cap p.a. its a bit of a red flag. $2mill of share based payments in FY21 and $2.1mill in FY22 is interesting given the SP decline. Margins in FY22 are worse than FY21 even though revenue was up 99% YoY.

    Proof of margins will be the re-rate here, otherwise there will be plenty more dilution on the way.
    X2M Price at posting: 8.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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